Dynamic Australian Equity Fund

The WaveStone Dynamic Australian Equity Fund is managed by WaveStone Capital. WaveStone is appointed to manage the assets of the fund by the responsible entity, Fidante Partners Limited (Fidante).

The WaveStone Dynamic Australian Equity Fund offers investors a benchmark unaware long/short Australian equities opportunity with the objective to add value over the long term through a high conviction portfolio.

Objective

The Fund aims to provide capital growth over the long term (at least five years).


Benchmark

The Fund does not attempt to track any benchmark.


Investment Universe

  • Shares of companies listed on the Australian and New Zealand stock exchanges.
  • Shorts where there is a belief that the company is over valued.
  • Options, futures and other derivatives to manage risk.

Portfolio Construction

Normally a concentrated portfolio of between 25 and 50 companies.

Weighting will generally be determined by the level of undervaluation of the company, the quality of the company, the liquidity of the stock and manager conviction.

The portfolio weighting will not be determined by reference to the stock weightings in any index.